KATHMANDU, Jan 1: Nepal Rastra Bank has announced the new foreign exchange rates for Wednesday. According to the official rates, the buying price of 1 US dollar is set at Rs 136.69, while the selling price is Rs 137.39.
The rates for other major currencies have also been fixed. The buying rate for 1 euro is Rs 142.35, and the selling rate is Rs 142.97. Similarly, the UK pound sterling is priced at Rs 171.43 for buying and Rs 172.14 for selling. The Swiss franc stands at Rs 151.13 for buying and Rs 151.79 for selling.
For the Australian dollar, the buying rate is Rs 84.90, and the selling rate is Rs 85.28. The Canadian dollar is set at Rs 95.07 for buying and Rs 95.49 for selling, while the Singapore dollar is Rs 100.32 for buying and Rs 100.76 for selling.
Revised interest rate corridor system introduced
Among Asian currencies, 10 Japanese yen is priced at Rs 8.72 for buying and Rs 8.76 for selling. The Chinese yuan stands at Rs 18.73 for buying and Rs 18.81 for selling. The Saudi Arabian riyal is Rs 36.39 for buying and Rs 36.55 for selling, whereas the Qatari riyal is Rs 37.50 for buying and Rs 37.66 for selling.
The Thai baht has a buying rate of Rs 3.98 and a selling rate of Rs 4.00. For the UAE dirham, the rates are Rs 37.22 for buying and Rs 37.38 for selling. The Malaysian ringgit has a fixed rate of Rs 30.70 for both buying and selling.
The South Korean won (100 units) is priced at Rs 9.28 for buying and Rs 9.32 for selling. Meanwhile, the Swedish krona is set at Rs 12.43 for buying and Rs 12.48 for selling. The Danish krone stands at Rs 19.09 for buying and Rs 19.17 for selling.
For high-value currencies, the Hong Kong dollar has a buying rate of Rs 17.60 and a selling rate of Rs 17.68. The Kuwaiti dinar is priced at Rs 443.65 for buying and Rs 445.60 for selling. The Bahraini dinar has rates of Rs 362.38 for buying and Rs 363.97 for selling, while the Omani rial stands at Rs 355.02 for buying and Rs 356.58 for selling.
Lastly, the Indian rupee (100 units) is priced at Rs 160 for buying and Rs 160.15 for selling.
Nepal Rastra Bank has stated that these exchange rates can be revised as necessary. It also noted that the rates offered by commercial banks may vary and advised checking the central bank’s website for updated rates.
